FEELING THE CHILL- FIRST HOME BUYERS
Posted on November 4th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The banks are moving to limit lending to people with less than 10% and have the ability to limit their risk to borrowers with 20% and above deposit. The Reserve Bank’s limit on LVR (high–loan–to-value) lending has affected some purchasers in the bigger cities, (some real estate agents are reporting), where 20% deposits are very […]
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